Apple’s 2017 iPhone was launched with a very, very hefty price tag making it the most expensive smartphone around, not counting those that have been blinged out in gold, diamonds, and other precious stones. It has been speculated that price was one of the reasons why reception to the iPhone X has been somewhat tepid.

The good news is that if you held out for 2018’s model, you might be interested to learn that a report from DigiTimes (via 9to5Mac) has suggested that this year’s model could be cheaper and could be priced under $1,000. However we should point out that the report is referencing the 5.8-inch model (rumor has it that Apple could launch three iPhone models this year) and not the others.

The report claims that Apple has managed to reduce its total bill of materials to more than 10% lower than that of the 2017 iPhone X. This means that unless Apple tries to be greedy and increase their profit margins, it could also mean that would-be customers can save some money as the 2018 model could be cheaper.

That being said DigiTimes doesn’t necessarily have the best track record when it comes to these kind of things so take it with a grain of salt for now, but this isn’t the first time that we’re hearing such talks so here’s hoping that it is true.

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